Govt. higher bank borrowing may continue
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Dhaka, Bangladesh, Dec. 3 -- The government's higher bank borrowing may continue in the coming months if the lower revenue collection along with the ongoing falling trend in sales of national savings certificates persist.
The Ministry of Finance (MoF) is set to make a net borrowing of more than BDT 45 billion from the country's banking system in December to partly meet its budget deficit.
The government's gross borrowing may reach up to BDT 215 billion from the banking system in December through issuing treasury bills (T-bills) and bonds, according to the auction calendar, issued by the Bangladesh Bank (BB) recently.
The amount is the highest during the first half of the current fiscal year (FY), 2019-20, according to officials.
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